#MetaplanetBTCPurchase
Here’s a technical analysis-based Bitcoin (BTC) price prediction, synthesizing key insights from the search results:
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### **Bitcoin (BTC) Technical Analysis & Price Predictions (June 2025)**
#### **Current Market Overview (as of June 17, 2025)**
- **Spot Price**: ~$109,600, consolidating near all-time highs (ATH) after breaking the previous ATH of $112,000 .
- **Trend**:
- **Long-term**: Strong bullish (200 SMA support) .
- **Medium-term**: Accelerating bullish momentum (50 SMA) .
- **Short-term**: Slight fatigue but remains bullish (20 SMA) .
- **Volume**: Weekly trading volume surged 41% to $44B, indicating renewed interest .
#### **Key Technical Levels**
- **Resistances**:
- $110,500 (immediate hurdle)
- $112,000 (previous ATH)
- $113,600 (next target if bullish momentum sustains) .
- **Supports**:
- $106,790 (critical short-term support)
- $100,700 (major psychological level)
- $92,700–$90,000 (long-term support zone, aligns with 200-day SMA) .
#### **Momentum Indicators**
- **RSI**: Slightly overbought but stabilizing, suggesting potential for continuation if buying pressure resumes .
- **Volume Balance**: Negative in the short term (higher volume on down days), signaling caution .
- **Derivatives Data**:
- Open interest rising, funding rates slightly positive (bullish bias) .
- Liquidation zones: $111,100–$112,600 (upside) and $106,000–$93,000 (downside) .
#### **Price Predictions**
1. **Bullish Scenario**:
- **Conditions**: Hold above $106,790.
- **Targets**: $112,000 (ATH retest), $113,600, and potentially $120,000 by mid-2025 .
- **Long-term**: Elliott Wave Theory suggests a parabolic "Wave 5" could propel BTC to $325,000 by July 2025, though this is highly speculative .
2. **Bearish Scenario**:
- **Conditions**: Breakdown below $106,790.
- **Targets**: $100,000 (psychological support), $92,700 (200-day SMA) .
